Arkansas Tax Collections on the Rise - KAIT Jonesboro, AR - Region 8 News, weather, sports

Little Rock, AR

Arkansas Tax Collections on the Rise

MARCH 3, 2006 - Posted at 7:44 a.m. CST

 

LITTLE ROCK, AR - The Arkansas economy continues to boom, and that's filling state coffers at a faster rate than predicted.  The state's fiscal office said yesterday that Arkansas's tax collections continued to rise in February.  The Arkansas Department of Finance and Administration reported that year-to-date net revenues since the July 1 start of the state's fiscal year totaled nearly $2.69 billion at the end of February.  That's a 7.7 percent increase over last year and 5.5 percent above state forecasts.

The state's gross general revenues totaled $3.2 billion, nearly nine percent higher than last year and 5.6 percent above state forecasts.

(Copyright 2006 by The Associated Press.  All Rights Reserved.)

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